Economy

Seven out of 24 memoranda of understanding between the Industrial Development and Renovation Organization of Iran and its foreign partners in the post-sanctions era have been signed into…

The government issued 35 trillion rials ($900.2 million) worth of Ijarah Sukuk on Iran Fara Bourse on Wednesday.

British renewable energy investor Quercus will invest over €500 million ($600 million) in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief…

Austria's Oberbank signed a finance deal worth €1 billion with 14 Iranian banks Thursday in Vienna.

The Austrian finance is set to be used for development of civil and production…

Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global…

The first unit of Peugeot 3008 has entered Iran and seen by the paparazzi in the customs warehouse.

Earlier in the year a joint venture between Iran Khodro and the French carmaker…

Local auto producer Pars Khodro started presales of Renault Sandero Stepway but the company’s website crashed minutes after launch, leaving customers in limbo.

The company launched the…

In line with the goals devised in the Sixth Five-Year Development Plan (2017-22) to expand the share of life insurance in the industry’s portfolio, the High Council of Insurance has amended…

Following misleading reports in the media, the Central Bank of Iran has sought to set the record straight on the recent stream of foreign finance deals, saying the government is their sole…

The Institute for Trade Studies and Research, affiliated with the Ministry of Industries, Mining and Trade, has published a report that proposes short-, mid- and long-term solutions to reform…

Governor of the Central Bank of Iran joined hands with the heads of two key ministries late Monday to coordinate and accelerate efforts to implement a stimulus package worth 500 trillion rials…

The output of Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, reached 28,262 tons during the first five months of the current fiscal year (March 21-August 22…

Tehran Stock Exchange investors on Tuesday seemed intent on propping up the market, as the index started rising 15 minutes into the market’s open.

TSE’s main index jumped by 929.40…

President Hassan Rouhani has assigned missions and priorities to his ministers and has asked them to hand in their practical agendas to accomplish the same within two months to the Presidential…

Over 24,640 meters of underground mining exploration were undertaken in the last fiscal year (ended March 20, 2017) by Iran Minerals Production and Supply Company, IMPASCO’s head of exploration…

Two major banks and 10% of Iran’s stock exchange market are controlled by the Ministry of Cooperatives, Labor and Social Welfare.

Cooperatives Minister Ali Rabiei added that four pension…

The Industrial Development and Renovation Organization of Iran signed a memorandum of understanding with the Russian Trade and Economic Development Council on Tuesday for expanding cooperation…

Close to 388 kilograms of caviar worth nearly 31.5 billion rials (around $965,400) were exported from Iran during the five months to August 22, registering a 10.5% and 3% fall in weight and…

An Iranian delegation comprising 30 members of Iran Chamber of Commerce, Industries, Mines and Agriculture active in the fields of construction, food, energy, banking, carpet and textile left…

The French Ministry for the Economy and Finance is planning to grant a €70 million loan to Iran for the renovation of the country's airport equipment and radars, said Jean-Baptiste Lemoyne,…

The second Iran iOS Developers Conference will be held in Tehran on Thursday.

It will include workshops and speeches by professionals, according to Evand.com, a local website that lists…

The first mass-market 5G smartphones will become commercially available by 2019, according to Qualcomm CEO Steven Mollenkopf, due to increasing demand from the consumer and business segments…

A local startup dubbed ‘Paklean’ has launched a new service that provides users with on-demand laundry and dry-cleaning services. In addition to its website, paklean.com, the startup offers…

No more than just a few years have passed since Iranian fintech companies have entered the country's banking sector, but a closer look at registered startup companies reveals that online fintech…

The Hong Kong branch of Melli Bank London PLC, a subsidiary of Bank Melli Iran, has officially restarted its operations, the chief executive of BMI announced.